AMBEV S A/S (ABEV) Short Interest Update

AMBEV S A/S (NYSE:ABEV) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 18,748,329 shares, a drop of 14.3% from the October 31st total of 21,880,897 shares. Based on an average daily trading volume, of 26,700,624 shares, the short-interest ratio is presently 0.7 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABEV. CIBC World Markets Inc. acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $103,000. Sawtooth Solutions LLC acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $104,000. One Wealth Advisors LLC acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $110,000. Henry James International Management Inc. acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $110,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of AMBEV S A/S by 184.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,750 shares of the company’s stock worth $159,000 after purchasing an additional 22,530 shares during the period. 7.05% of the stock is currently owned by institutional investors.

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NYSE ABEV opened at $4.27 on Thursday. The stock has a market cap of $67.04 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The company has a current ratio of 1.02, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. AMBEV S A/S has a one year low of $3.86 and a one year high of $7.43.

A number of equities analysts have issued reports on ABEV shares. Bank of America cut AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $5.40 to $4.00 in a report on Thursday, October 25th. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, August 10th. JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Finally, UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.13.

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